The Bisconti Family Foundation
- Assets
- $8.8m
- Revenue
- $1.6m
- Investments
- $8.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2356889
Organization Overview
The Bisconti Family Foundation is located in Wilmington, DE. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bisconti Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Bisconti Family Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bisconti Family Foundation has awarded 184 individual grants totaling $9,551,679. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Bisconti Pres, Dir, Treas | 1 | $0 | |
Dana Bisconti Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,560,000 |
| Interest on Savings | $1,713 |
| Dividends & Interest | $724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,631 |
| Capital Gain Net Income | $18,453 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,695 |
| Total Revenue | $1,611,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $245,101 |
| Total operating and administrative expenses | $253,101 |
| Contributions, gifts, grants paid | $1,188,750 |
| Total expenses and disbursements | $1,441,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,271 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $520,492 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,215,522 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,820,285 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Bisconti Family Foundation has awarded $1,188,750 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF THE PENINSULA PURPOSE: GENERAL & UNRESTRICTED | $125,000 |
COLLEGE TRACK PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
CONEY ISLAND PREP BUILDERS INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
EASTSIDE COLLEGE PREPARATORY SCHOOL INC PURPOSE: GENERAL & UNRESTRICTED | $21,000 |
MARTIS CAMP COMMUNITY FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
PLANNED PARENTHOOD MAR MONTE INC PURPOSE: SITE DIRECTOR FUND FOR REDWOOD CITY 2023 | $10,000 |